Eco 320 Final Exam Solutions

ECO 320 Final Exam Solutions
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ECO 320 Final Exam Solutions

Question 1
The FDIC is the main supervisor for

Question 2
A commercial bank that gets a charter from the federal government is called a ________ bank.

Question 3
The OCC is the main supervisor for
Question 4
In regards to the Glass-Steagall Act, banks argued that they
Question 5
A period when an expansion ends and a recession begins is
Question 6
A particularly bad recession (in which output declines much more than usual for a recession) is called
Question 7
The labor-force participation rate equals
Question 8
According to real business cycle (RBC) theory, the main source of the business cycle is
Question 9
The liquidity effect is the
Question 10
A partial-equilibrium model is a model in which
Question 11
A variable that is determined within a model is called
Question 12
The price-level effect is the situation when a higher nominal interest rate results from a(n)
Question 13
A rise in foreign incomes causes net exports to
Question 14
Full-employment output is the amount of output produced when the economy is
Question 15
Consumption spending is about ____ of aggregate demand.
Question 16
The natural rate of unemployment reflects ________ normal job turnover.
Question 17
General equilibrium is a situation in which all markets are in ________ and all economic agents have made decisions
Question 18
Precautionary savings is
Question 19
Because RBC models are complicated, researchers generally
Question 20
DSGE models that contain many different types of households and firms are known as

Final Exam 2

Question 1

A shock is
Question 2

In broad nominal terms, the dollar ____ against other currencies from 1988 to 2001 and ____ from 2001 to 2008.
Question 3
Under absolute purchasing-power parity,
Question 4
The sum of net exports of goods and services plus net income from abroad plus net...